Sensex nosedives 806 pts on rising crude, rupee woes
October 04, 2018 17:35
The equity benchmark Sensex Thursday hit its lowest level in three months, crashing over 806 points to close below the 35,200-level as concerns over weakening rupee and rising crude oil prices spooked investors.
Similarly, the NSE Nifty cracked the 10,600-level by falling 259 points. The rupee plunged to an all-time low (intra-day) of 73.81 to the US dollar and global crude oil prices touched a four-year high of USD 86 a barrel, triggering worries for India on the macro-economic front.
The weakness in other Asian markets and a lower opening of the European shares also added to negative sentiments on the domestic bourses.
The 50-share NSE Nifty also cracked the 10,600-level by falling 259 points, or 2.39 per cent, to close at 10,599.25 after hitting a low of 10,547.25. -- PTI
Similarly, the NSE Nifty cracked the 10,600-level by falling 259 points. The rupee plunged to an all-time low (intra-day) of 73.81 to the US dollar and global crude oil prices touched a four-year high of USD 86 a barrel, triggering worries for India on the macro-economic front.
The weakness in other Asian markets and a lower opening of the European shares also added to negative sentiments on the domestic bourses.
The 50-share NSE Nifty also cracked the 10,600-level by falling 259 points, or 2.39 per cent, to close at 10,599.25 after hitting a low of 10,547.25. -- PTI
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